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From decision problems to dethroned dictators

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Author Info
Kronewetter, Jason
Saari, Donald G.
Abstract

Economic models as well as aggregation and decision problems with "holes" in the domain can be difficult to analyze because, unexpectedly, they are related to Arrow's Impossibility Theorem: embedded within the model may be "topological dictators." But, just as it is possible to remove the negative impact of Arrow's dictator by recognizing that the problem is caused by not using crucial, available information (about voter preferences), the obstacles confronting these economic decision problems can be removed by identifying what kind of available information is not being used.

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File URL: http://www.sciencedirect.com/science/article/B6VBY-4KJTNR6-1/1/0318cffdd194fbbcd6ffb9cc380bcd0b
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Publisher Info
Article provided by Elsevier in its journal Journal of Mathematical Economics.

Volume (Year): 44 (2008)
Issue (Month): 7-8 (July)
Pages: 745-761
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Handle: RePEc:eee:mateco:v:44:y:2008:i:7-8:p:745-761

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  1. Luc Lauwers, 2009. "The topological approach to the aggregation of preferences," Social Choice and Welfare, Springer, vol. 33(3), pages 449-476, September. [Downloadable!] (restricted)
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This page was last updated on 2009-12-3.


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